Investors are selling off individual stocks of companies that seem to be overextended, but they are broadly bullish on stocks as a whole.

"But as I said, this one has more legs in the sense that there are more things that are happening that throw doubt on how fast or how profitable all the AI buildout is going to…

In the near term, investors may still be flighty, unless something concretely reassuring, such as Oracle achieving positive cash flow, takes place.

In the near term, investors may still be flighty, unless something concretely reassuring, such as Oracle achieving positive cash flow, takes place.

In at least one corner of the AI market, sentiment has turned decidedly negative.

Investors are selling off individual stocks of companies that seem to be overextended, but they are broadly bullish on stocks as a whole.

Despite the recent pullback in artificial intelligence stocks, the Bank of America thinks "the AI trade may still have room to run into 2026."